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on november comps. gap, macy's, target, all disappointing. is it all due to sandy and what does it mean for the holidays. >> tiffany is not a statement on lucksy, but rather company specific. >> quite near meets with the president today. . >> and we have another upgrade for research in motion. this time at goldman-sachs saying the blackberry 10 will not only beat expectations but also put the company in the black by fiscal '14. >> target, macy's and kohl's reporting unexpected declines. number of retailers blaming sandy for the lackluster results, david and jim. they say the second half of the month wasn't so bad, but still a lot of white knuckles as somebody said about the holidays. >> i think that one of the untold stories may still be exactly how bad sandy was. sandy is going to turn out to be a $100 billion storm. but i think it's a shutdown. it was the shutdown of a major part of the infrastructure of the nation. i'm going to go with the retailers who blame sandy. i'm going to take them at face value. >> so macy's they say record setting volume when it comes to thanksgiving, but th
. or is there no market for it. a faded media interest of hurricane sandy despite the fact that there are those reeling because of hurricane sandy. it's november 30, 2012 and our planet is in jeopardy i. if you haven't heard about it today. don't worry, it will be the same story tomorrow 31 [ ♪ music ♪ ] >> jennifer: many people think that climate change only threatens the future and won't effect them. try telling that to the victims of super storm sandy. it's been over a month since sandy slammed the east coast and killed 120 people in the u.s. and caused billions of dollars of damage. unless you live in one of the affected areas you probably think things are back to norm. but that's because the media is barely cleaning up the cleanup efforts. in new york city, they're living in third world conditions, raw sewage continues to flow into water ways. thousands still have no power and direct subway service is not expected to return into the middle of next year. >> we were up to five feet of water. it was not water but it was all cesspool so it was sewage water. >> how much can a body tank. >> blankets
, not with this, for super storm sandy but with this. stay tuned. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to
, and that is it for today. >>neil: have you seen this? call it a town brawl, one month after sandy hit, the victims are having it out. >> homeowners insurance cost -- offered me $150. what can i do with that? what? what? i need your attention. okay. we need to rebuild. i don't want did leave my house. it is not a house, a home. >> i have mold and he is telling me to avoid, where am i supposed to goes i have gone to fema, to the sba. >> when you go home and get to celebrate if a nice warm house, i have no electric trip, -- electric or sewage but the city comes and the inspector says it is okay to live in. a joke. a joke. you wonder why people are mad? we the middle class and we are getting nothing from fema. they go around in a circle. deny. deny. deny. deny. deny. deny. deny. it is a joke. >> now it is out of control. the fuming still over fema. >> welcome, everyone, i am neil cavuto, done but not out. today, speaking out. victims of super storm sandy still without heat. it will without water. still without homes. now, giving fema officials who planned an otherwise, well, informational townhall mee
, but not broken. coming up, inside lady liberty for a look at the damage left behind by sandy to see what needs to be done to get this american icon back up and running. dermatologist recommendedcer ] aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. since ameriprise financial was founded back in 1894, they've been committed to putting clients firs
held a hearing on fema's response to hurricane sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportation challenges and a successful recovery will requ
a look at cold and macy's. both have come under some pressure. noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks
sandy, but as drivers rush to replace them, you may be forced to pay a higher price. >> huh. a car salesmen or congressmen? who do americans trust the least? the new numbers and lou dobbs taking up that up. >> how apple is expanding its empire into the crib. >> my goodness. there's little siri there and little macbook. goinged to floor of the new york stock exchange, and, lauren, economic data, down just a little bit in the red today, down 22 points 37 >> yeah, it is the first trading day of the new month. december, a strong month historically for the stocks, but there's a push and pull going on between market forces and the economic data, and we're in the red across the board, relatively flat this monday morning. the data, u.s. manufacturing activity last month lowest level since the summer of 2009, but then we got a construction spending report that was good. in october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed november's estimates, but ford beat them. that's the d
billion forgiveness in debt after mubarak takes over. you can so what we have gotten. not much. when sandy socked sandy. a direct christmas hit. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>neil: the october super storm causing november sales if retail to dive. how much? >>guest: retailers lost multiple key shopping days as stores were closed or saw little business after the super storm as residents tried to recover. target, we know the chain was the largest discount retailer has many stores along the east coast and they saw sales follow 1 percent missing a 2.1 percent expected rise. macy's sales fell 1 percent during the month, the first sale drop for the department store chain in three years. a rise in sales was expected there. and in all of this despite the company saying they had the largest volume than
as we speak with house speaker boehner pushing for $42 billion in federal aid after super storm sandy but will the residents see it in the "wall street journal" reporter says if katrina is an example, don't count on it. of $142 billion in federal aid headed for that, only $40 billion made it directly to victims from fema. that is incredible. not right. >>guest: it is not right. when i saw that, cuomo is coming to washington, and you showed the capitol you should have dollar bills coming out of the window because when the governors come to washington they want money with their palms up. that is what governor cuomo wants. he wants the federal government to write a big check to the state. we found with katrina, of the $140 billion, according to independent government auditors, there was rampant corruption and fraud and no bid contracts that went to cronies and we estimate that somewhere between 20 percent to 25 percent to 30 percent of the money was wasted on fraudulent contracts. it didn't helps victims. a lot of people got rich but it wasn't the people who lost their homes. >>neil: you
, the jobs report is expected to be very dismal, about 75,000 net jobs. some of that is because of sandy, but housing market is rebuilding, it's recovering. that makes people feel more wealthy. this retail season is going to be very critical. it's going to tell us a lot. stocks could go up on that. we have some tail winds but right now there is a lot of question marks. >> gregg: brenda, we'll talk about sandy and impact on the economy in the next hour. you can catch brenda "bulls and bears", 10:00 a.m. right here on the fox news channel. >> heather: coming up, investigators finding the case of a new jersey train derailment. it left on the dangerous gases spewing into the air. an important week for the administration. president obama expected to start announcing picks for his new cabinet but with ambassador susan rice stirring up controversy who is in and who is out? our panel weighs in. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tr
i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are reading an e-mail. it is e-mail apnea. study shows 80 percent of folks have it. when you hold your breath it jacks up your heart rate and live pours glucose into the bloodstream. it ballotses oxygen. don't hold your breath when you read e-mail. >> maybe we get stressed out when you wake up. >> twitter and facebook you have to go through those, too. >> fox business network. 10 after the hour. still to come the a
and candy. just one please. >> it is more than a month since super storm sandy chewed up the northeast. so much destruction . a new program bringing smiles to the faces of children affected by the storm. ana is live in staten island, new york. >> hey, harris. camp tlc is for families displaced by the storm. kitteds can be kids while parents run errands or participate in the activities. we'll have more coming up. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we'
and coaches knew of his troubled at home which were many. >> super storm sandy took out homes, took out their homes, but it can't take their christmas. the blue angels giving the smallest victim as big reason to smile. well show you unless breaking news changes everything. this is "studio b." but first from fox at 3:00 in new york city, new signs today that crisis in syria could spiral into a global conflict. today, nato joined the world powers with stern warning of threats of possible intervention coming today amid u.s. intelligence reports that they have moved dangerous chemical weapons. the sources say it involved movement in weapon sites, the teach activity they have not seen at all before. analysts say they believe syria could have throughs of chemical agents on their hands, including mustard gas and sarin gas, a deadly nerve gas. the syrian civil war intensifies. today, officials say a mortar slanted to a 9 the grade classroom in damascus killed a dozen students. the news agency blames "terrorists," a term the syrian government uses often to describe the rebels fighting against th
hearing that the damage caused by hurricane sandy and the government recovery efforts. it will hear testimony. first, a panel of senators from states affected by the storm. just over two hours. >> could morning, everyone. thanks for joining us. a hearing on the recovery challenges before us to the super storm sandy. we are here today to evaluate the response and recovery efforts in the aftermath of hurricane sandy which struck the northeastern united states in october 29 asked to largest storm system in u.s. history clearing the lives of more than 120 americans, destroying over 340,000 homes and over 200,000 possesses and leaving more than a half million families without power, he, or running water for weeks. i understand in a few neighborhoods and a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportation challenges, and a successful recovery will require a sustained effort from government, private sector, and volunteer organizations. by and large the federal gunman response to hurricane sandy has
noise in this report. early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage to the psyche of job creation than anything
as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at where pxp, that being the ticker symbol in
gave so much to the country. >> thank you, both. appreciate it >> hurricane sandy left many people homeless . now victims, moms and dad and children living in shelters this time are going to get a break. anais joining us live with more. >> hey, there, uma, camp sandy is serving kids and parents . they are getting break. playing games and eating good food. we'll talk to the camp director, next. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! i had[ designer ]eelingm enough of just covering upagain? my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may no
in crisfield still suffering after hurricane sandy. that story as eyewitness news continues. >> sharon gibala here with wjz traffic control. if you're about to head out now is the time we usually start seeing delays on the road. right now over the tim. >> in for marty bass in the first warning weather center. the cold temperatures are settling in. your complete first warning weather forecast coming up. >> holiday movies are poping up all over tv. actor an dri mccarthy tells us about his. stay tuned the . >>> it is 6:30. it's a much colder morning than it's been any morning this week. that's live look at the southwest corner of the city. sharon will take care of the other roads and it's tim williams in for bernadette woods who is in for marty bass who is over at first warning weather. >> that gets us there. sure does. today our temperatures are on the cold side. we're looking at 28 degrees starting off. 24 now in oakland 29 elkin, 3 1 on the shore. our forecast high today in the mid 40s which is right on target for our normal high for this date which is around 47. your complete updated first w
of the country except those affected by hurricane sandy. moving on now to syria's civil war. at least 34 people were killed today when two car bombs ripped through a suburb of damascus. syria's assad dictatorship has been trying to crush a rebellion that broke out more than a year and a half ago. it is very rare for western journalists to report from inside the capital, but elizabeth palmer is there for us tonight. >> reporter: today's bombing spilled the blood of neighbors and friends. jaramana is a tight-knit community of christians and jews. religious minority groups in syria who are traditional supporters of president bashar al-assad. after the huge explosion, local people immediately pitched in to repair the damage to shops and homes. and to comfort the families of the victims. this mother's 21-year-old son, a medical student, went to investigate when the first bomb blew up and was killed minutes later by the second. outside local businessman walid blped carry the wounded to safety. what is this on your jacket? >> it's blood. it's blood of all the people. >> reporter: but he can't or won't
of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, admiral mike mullen, was joined by the chairmen of the senate house armed services committee. this is a little less than an hour. >> good afternoon. thank
liberty. despite surviving superstorm sandy the statue of liberty remains off limits to visitors. >> this is the "cbs morning news" for wednesday, december 5, 2012. >>> good morning. good to be with you. i'm terrell brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> re
. >> you have a combination of 11 year old age of autos, destruction of -- by the way, sandy was an auto destroyer. loss of life. horrible. terrible. it also took out many more cars than people realize. you have to pump overtime to be meet the demand. >> we're still adding up sandy and figuring that out. we're far from figuring that out. hundreds of thousands of automobiles. where are we? 15 plus at the end? >> it's possible. 15. it puts people to work in the country. they don't just add in mexico. mexico is booming. fabulous moment for mexico. they will add in this country too. >> there's talk that their share of the market in the northeast, the big three, is not as high as it is in the rest of the country. we live in part of the country where incomes are higher. you may see better numbers out of bmws and mercedes. >> i don't know the percentage that's brought into the new jersey, new york area, the ones that you always see when you go over a bridge and you look down and this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to
sandy and anxiety over the fiscal cliff affecting job growth. adp showing the private sector created 115,000 positions last month. the expectation was about 125,000. it comes ahead of friday's key employment report and to talk about that and more, our senior economics reporter steve leisman joins us from washington. steve, we'll talk about your interview with secretary geithner in a moment but let's talk about those economic numbers. what about today's, what about friday's? >> before i get to the adp number, i have new information i've been able to report on the way down here from new york. that is, be prepared on friday for potentially, especially in the household survey that creates the unemployment number. be prepared for potentially big sandy effects. let me tell you why. we had an early thanksgiving this year. 11/22. the 22nd of the month. what happens on those kind of years is that the bls moves back the survey week from the 12th which is the normal survey week in this case, to the 5th. what was the fifth? it was the week that really the worst effects of sandy in terms of people no
president mohammed morsi. >> and hurricane sandy left many people homeless. new reaction from victims furious at relief response and president obama. >> president obama, he said he was going to cut through the red tape. he lied. he says, what do you mean? i said you lied. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. >>. >> heather: two people have died after a bus crash in florida. the doubling decker was carrying 32 members of a church group when it slammed in an overpass. >> people in wyoming say the man involved in a deadly attacks yesterday used a bow and arrow in one of killings. authorities say this christopher krum first stabbed a woman on friday and then went to the college where his father was teaching and shot him with a bow and arrow. he later stabbed and killed himself. >> more than hundred people are waiting to return to home after a train derail
made in responding to hurricane sandy as well as the challenges we face in supporting the long-term recovery of the nation. i knew closely follow reports of the storm's impact on the region. this obviously heard about that today from the first witnesses. you heard about the many injuries and tragic loss of life as well as massive flooding cover structural damage in power outages. a somewhat deeper scum i've been particularly affected by the storms devastation as many friends and colleagues are still dealing with the aftermath. for this reason i'm especially honored to have the opportunity to help with recovery and rebuilding efforts and pleased to be here today. having made several visits to the affected area since the storm hit, putting trips to the president and secretary napolitano and sebelius, had the opportunity to see firsthand the damage and speak with a local officials and most importantly residents about their needs. the conversation serves as a constant reminder that while this is a disaster of epic portions, the suffering is on a personal level affecting families an
a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do not have a deal at the end of the year. does that didn't stop us in our tracks and terms of economic recovery? >> 20% odds on recession. if you go over the cliff and the economy falls into recession, you may have higher tax rates, but you will not have higher revenues. if you go back into recession, less people working, less income, more people out of work, more employment compensation, i do not think that is in anyone's interest. connell: if i had to make a prediction, it is in both interest of speaker boehner and president oba
hurricane sandy will cost it over $1 billion, but will the impact on the fiscal cliff be even worse? the head of allstate is with me sitting down for a cnbc exclusive coming up in a few minutes. don't miss it. back in a moment. [ male announc] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
before. remember, we had big jobless claims reports for a few weeks in a row because of hurricane sandy, superstorm sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed a
as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you al
of that merchandise off the shelves. > a number of retailers are mentioning that hurricane sandy damaged their sales. could that benefit some consumers? > > it is going to depend on where you live. if you live on the east side or the northeast side, where you were hit by hurricane sandy, you are probably going to see some good sales on luxury items, because right now people are spending their money on home improvement, and they are spending their money on recouping the everyday stuff they lost in the hurricane. meanwhile, on the west coast, those luxury items are already being sold at a pretty steady pace right now, so you are not likely to see a lot of sales on that. but certainly there will be sales, and dependent on how the season progresses, you can expect sales like that. but you are better off on the east coast getting sales on luxury goods than you will be on the west coast. > thank you very much for that update. jen waters. > > thank you. two million toys seized so far this year, and that's before christmas. that number comes from the u.s. consumer product safety commission, along with u.s.
superstorm sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people waiting to see what happens in washington because it's been driving trading for several weeks. >>> honda is expecting within two years it will export more vehicles than it imports from japan. the company says the factories will take on a larger role in global product development at that point. >>> all right, i've been wanting to ask larry some specific questions and i'm going to do it now because actually some of the stuff you talk about doug oberhelm, you teach economics, you're an economic sage so the mantra and we heard it again that if we could get rid of the, which is hard, but is the obama's administration resi
,000 jobs last month. economists were expecting more than that. at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be here in the united states are you with that they plan to close 44 branches. we do pretty big news from citigroup. republican leaders calling on obama to sit down for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now t
hurricane sandy will shave another point or so off of growth. >> i think it is. that is why despite all of this, what i think of as process, it is a lot of posturing. it is a lot of politicking. people still remain convinced that these guys cannot be serious. they cannot be serious about pushing us off the fiscal cliff because it will have bad responses to republicans. the obama people will be able to say you gave away the ability to keep taxes down on 98% of americans. and for the president, the idea that he would allow the taxes to go up, again, on appetizing for him given that he said he would protect the american middle class. lori: he said the same thing over and over again. how do you see this sorting itself out? >> from purely a political viewpoint, i did not see why anyone would not make a deal. the fear i have is they just kick the can down the road thing and they create a three-month bridge. not the heart and soul of it which will be, as you said, some kind of tax hikes. then, you move on, in terms of the entitlement cuts. i do not think we will get the social security. when i
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
at lady liberty after superstorm sandy. >> we have a packed show ahead. steny hoyer, harvard economics pro-presser ken rogoff. russell simmons, former presidential candidate jon huntsman and good samaritan larry deprimo. >> gave the boots to the homeless man. we're going to get the whole back story there. it is friday, november 30th. tgif. to you and you as well. "starting point" begins right now. >>> your elected officials trading insults, playing the blame game here as the clock is winding down on the fiscal cliff. keep in mind time is a-wasting. in 32 days now tax rates soar, spending gets slashed. oh, and don't forget, congress, yeah, they get to take a break for the holidays in 14 days. a recipe for recession. the president is pitching a plan that calls for $1.6 trillion in tax heights and $50 billion in new infrastructure spending. he'll head to a manufacturing plant in pennsylvania to push all this. republicans aren't buying in. listen to house speaker john boehner's reaction. >> despite the claims that the president supports a balanced approach, the democrats have yet to get seriou
police. in the wake of sandy, and the week's long struggle for hundreds of thousands of power. another long island power authority bites the dust or the head. lipa steinberg said to quit yesterday. the power authority is currently under investigation for performance after the storm. he joins three other line lip that have quit. first twinkies and now you can say good by to bazooka joe. the makers of the stylish tasty gum getting rid of new iconic comic. it will feature activities and brain teasers. also being ditched is red, white and blue colors. being replaced like w. like fuchsia or yellow we like to salem monday. hit the shelves in january. >> we have got the gum. >> the gum is sticking around? >> bazooka joe the comic is gone. >> i'm all right with that. >> only beaming part to the gum was the comic. >> i disagree. do you like the stalish gum. >> the first two seconds was bad and then about the next 30 seconds was good. >> right. >> that's all you get. >> then it was all bad. >> pretty much all gum is like that anyway, isn't it it? >> no. >> and then your jaw hurts. >> and that se
in new york state. % why? because of hurricane sandy and the presinks they had to use like paper ballots and they haven't been able to count them all. parts of new jersey most of those uncounted votes are up in the -- up in the northeast. so, as they are counting these votes t the president's total gets up and up and up. right now the count is the president has 65,000,069,89,000 romney 60,570. the president has a 5 million vent margin. that puts the president. still a million and a half to go at 50.9% of the vote. he will become in fact you have to say it's 51%. definitely 51%. that makes president obama only the second president in history to win two terms with more than 51% of the vote. the only other president who did that was dwight eisenhower in 52 and '56. >> that's an incredible statistic. >> that really is. >> so it was a historic win for obama, historicwin. president obama beat mitt romney by more votes than george bush beat john kerry and we know that was a blowout. people think of that as a blow out. this was a bigger blowout. >> it al
big money headlines. sandy's impact. buyers are back. and a big bake sale. joining me live now forbes staff writer morgan brennan. >> good morning. >> first off let's talk about hurricane sandy which took quite a toll on consumer spending. the commerce department says that fell in october, after rising in september. but then the third quarter gdp rose higher than estimated. so how can they both be true, morgan? and does this continue in the coming months? >> it's a great question, and i think the way to explain it, actually, is to start with that gdp number. the reason we saw gdp rise in the third quarter was because businesses are restocking their inventory levels and actually because government spending ticked up by about 9.5%. both of those added to economic growth in the third quarter. both of those are not necessarily sustainable. consumer spending on the other hand makes up about 70% of gross domestic product. we saw that tick down in part because of hurricane sandy in the third quarter. the early numbers for november, despite robust black friday are showing that consumers are s
chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came ou
can feel the rage. hurricane sandy and the eruption at fema officials. ahead of the holiday season. we will update you coming up next. and a cartoon snake comes the new face of a 2 trillion-dollar pension nightmare. we will tell you which state could be collapsing under the weight of its own promises, and whether you'll come in the u.s. taxpayer, could be footing the bill for a government bailout that you probably don't realize. >> so the pool of money is smaller. the demand on a pool of money leaves the current workers to ask whether there will be enough when they are able to retire. the problem is the squeeze. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. prego?! but i've bought ragu for years. [ thinking ] woer what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relf ] [ male announcer ] choose taste. choose prego. the megyn: we are keeping a close eye on cairo, egypt, after they have drafted
's assassination nfl games were played and after hurricane sandy games were played. this is unsurprising behavior. bill: they played and they won which has been not so often this year. martha: as everyone tries to sort this story out, for the first time we are hearing the audio of the police communications between first responders at the scene as this tragedy unfold. some of this is understandably disturbing. >> code one, number 1 air ahead drive. martha: what an awful story this is. we know miss perkins later died at the hospital. more on this story as we continue. bill: there has been growing concern about concussions in the nfl. back in 2012 players suffered 127 to date. the league has seen the number of players grow from 2004 to 2010. and not just football. conditions happen in the u.s. each and every year. martha: belcher is not the first nfl player to recently take his life. junior say oh and dave diewr on both died of self-inflicted gunshot wounds. we'll talk to jim coming up in the next hour. >> 6 minutes past the hour. former president george herbert walker bush waking up in a houston ho
. >> when you look at where we have had like natural disasters, like hurricane sandy in the northeast and other things that have shown the need to rebuild the infrastructure -- i mean, when a hurricane can close down the biggest city in the country for a week and the new jersey coast, we're not talking about handouts here. we need to rebuild tunnels and bridges and highways and roadways. you would think that would be above partisan bickering. >> it's been said before, al, we're still driving on eisenhower's highways and going to roosevelt's schools. you know, 60, 70-year-old things, we've got to rebuild this infrastructure. it will put a lot of people back to work. you're right on targetzez that. hurricane sandy showed that more clearly than anything else. >> senator tom harkin, thank you for your time tonight. >> thank you, al. thank you for your leadership. >>> up next, what does america look like? here's hant. it's not the republican party. you'll want to hear what nancy pelosi had to say about this picture. >>> plus, the great rosie perez is here. actress, director, activist. she
super storms we haven't seen before. hurricane sandy was the most destructive ever reported. it's the combination of the warmer ocean temperatures make the storms stronger, feeds it more water and then the sea level rise. it's going to be get higher and higher and it's going to make the storm surges like sandy worse and worse. people should know we still have time to act. we can still avert the worse but time is certainly running out. >> cenk: one of theout. >> eliot: one of the things critical is the increase of earth temperature and once above that we see the impact environmentally. where are we now and how long will it take, and what must we do right away to minimize the impact we're going to see? >> we're at about eight degrees centigrade warming a little below a degree fahrenheit. if we hit 3.5-degrees fahrenheit we're risking serious impacts. what we need to do now is negotiate. the world climate negotiators are meeting right now and the united states is there. we need some leadership. >> eliot: the leadership, though--let me ask this question this way. we know that the re
, and aftermath of hurricane sandy. fema's administrator craig fugate is expected to testify. andrew cuomo testified yesterday. they have requested $79 billion for rebuilding projects. >>> lawyers for george zimmerman have released this photo which they say was taken the night that he shot and killed trayvon martin. this picture isn't new but it's a higher quality colored version of one that's already been released. the image was recently turned over to the defense. zimmerman claims he shot martin in self-defense. >>> flu season is under way and it could be a bad one. suspected flu cases jumped last week and this year's strain is making people sicker than others. now, here's the good news. this year's vaccine is well-matched to the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the
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